CBRE Leases 78,000 SF Lab Area at GenLabs in Burlington

Boston — CBRE introduced the completion of a 78,000 sq. ft. lab area lease at GenLabs, a premier life sciences property positioned at 3 Van de Graaff Drive in Burlington, MA.

Fractyl Well being, an organ modifying metabolic therapeutics firm pioneering a brand new method to the remedy of kind 2 diabetes, has dedicated to a part of the second and whole third flooring of the complicated and can relocate its operations from 17 Hartwell Avenue in Lexington, MA the place it occupies 30,000 sq. ft. of area.

Fractyl Well being anticipates it is going to occupy the Burlington area in This autumn 2023. 

The CBRE workforce of Alex Plaisted, Ryan Romano and Tom Hovey spearhead the leasing marketing campaign on the property and negotiated the lease transaction on behalf of the possession, Jumbo Capital and Apollo World Administration. 

“GenLabs provided Fractyl Well being the unparalleled alternative to deal with its operations in one among Burlington’s premier properties on the epicenter of the world’s subsequent life sciences hub,” mentioned Mr. Plaisted. “We’re happy to have a serious life sciences firm like Fractyl Well being as one among our venture’s anchor tenants. As well as, the newly constructed lab area is ideally positioned, providing easy accessibility to the Boston and Cambridge markets.” 

“This lease kicks off our lab conversion venture in a giant method,” mentioned Nick Trocki, Vice President at Jumbo Capital. “The continuing core and shell lab conversion will present lab prepared infrastructure for Fractyl Well being and different life science tenants to flourish and develop. We’re excited to convey this area to life and see Fractyl Well being succeed.”

“Partnering with GenLabs has afforded us the chance to construct out our headquarters and increase our operations in Massachusetts,” mentioned Harith Rajagopalan MD PhD, Co-Founder and CEO of Fractyl Well being. “As a life science firm creating novel gadgets and therapies to deal with kind 2 diabetes, we consider our new facility in Burlington, MA, will assist gasoline the following part of our progress.”

Totaling 320,000 sq. ft., GenLabs is at present being renovated right into a Class A, state-of-the-art lab constructing. The property boasts 16’+ ceilings, personal terraces, a non-public landscaped courtyard, health club, and cafeteria, amongst different options engaging to life sciences tenants.

GenLabs is only a five-minute stroll to Wayside Commons and 1.5 miles from the Burlington Mall and the third Ave./Middlesex Turnpike – providing all kinds of eating places, retail, service and life-style choices. The property is 0.5 miles from the Interstate 95/Route 3 interchange, centrally positioned between Interstate 93 (4.6 miles) and Route 2 (5.3 miles), six miles from Woburn’s Anderson Regional Transportation Heart, and has direct MBTA bus entry from Van de Graaff Drive to Boston and Cambridge, providing seamless transportation choices. 

Austin Barrett at T3 Advisors represented Fractyl Well being within the lease negotiations.

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